A report published by leading consulting firm PricewaterhouseCoopers (PwC) points to a significant tectonic shift in the global economy in the years leading up to 2050 – China will supplant the US as the world’s largest, and Russia will rise to supremacy in Europe.

The report, The Long View, ranks 32 countries based on their projected 2050 GDP by Purchasing Power Parity, finding China’s GDP would reach US$58.5 trillion, India US$44 trillion, and Russia US$7 trillion.